| Founded | 2019 |
|---|---|
| Closed | 2022 |
| Country | Saudi Arabia |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
Lendio MENA
"Importing a US lending marketplace model to Saudi Arabia without licensing clarity was a fatal mistake."
Forced closure by regulatory action
Key Events Timeline
Lendio MENA, a Riyadh-launched SME lending marketplace that licensed the Lendio model from the US parent and raised $5M from Gulf investors, failed because SAMA's regulations required lenders on the platform to hold Saudi Finance Company licenses.
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